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DiDi to delist from NYSE
Published on: 2022-05-25
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China's ride-hailing company DiDi Global Inc. is moving closer to the final step of its U.S. delisting.

The Beijing-based company on Monday announced that it has notified the New York Stock Exchange (NYSE) of its decision to delist its Company's American Depositary Shares (ADSs) from the exchange.

DiDi plans to file a Form 25 with the U.S. Securities and Exchange Commission on or after June 2, 2022, said the company in a statement.

The delisting is "in order to better cooperate with the cybersecurity review and rectification measures," said DiDi in a separate release.

Since the middle of 2021, DiDi has been caught under Beijing's tightened inspections of tech companies over data security issues.

In early July last year, China's cybersecurity watchdog asked app stores to remove DiDi Chuxing, Didi's ride-hailing app, due to "serious" violations of laws and regulations regarding collecting and using personal information.

In December, the company said it planned to delist from NYSE and pursue a listing in Hong Kong.

Shareholders approved the company's decision to list at an extraordinary general meeting in Beijing, said DiDi, adding that "shares will not be listed on any other stock exchange before the delisting is completed."

滴滴宣布将从纽交所退市

5月23日晚间,滴滴召开临时股东大会,就美国自愿退市计划进行投票表决。根据表决结果,参与投票的超96%股份数同意公司美国存托凭证从纽交所退市,滴滴计划在2022年6月2日或之后向美国证券交易委员会正式提交退市申请,按照相关规定,在申请文件提交的10天后,滴滴的退市决定将正式生效。退市后,相关股份可继续以场外方式交易,但流动性将显著低于在纽交所的交易量。

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